The currency used in Denmark is called as the Krone. This currency is denoted with the currency sign kr. ,- and the ISO 4217 Code for the Danish Krone is DKK.
The Krone, is the official currency of the Denmark . It is divided into 100 smaller units called kroner.

The constitution of Denmark provides that the Denmark government shall have the power to print the Danish Krone and kroner coins to be used as a legal tender in Denmark.
The Danish Krone bank notes and Kroner coins are both designated as "legal tender" in payment of debts.

The Effect of Balance of Trade and Investment on the Value of Danish krone

Financial analysts regularly cite the balance of trade and investment in Denmark as the most important influence on the value of the Krone.
The difference between what the Denmark exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Krone exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus.
The term deficit is used when the imports into Krone exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Danish Krone.

Balance of trade: Also referred to as the current account balance, the trade balance is equal to the difference between imports to Denmark and exports from the Denmark.
For example, when the Denmark has been running a trade deficit with the rest of the world and growing by the day, the trade deficit is making foreign investors increasingly nervous and will make the foreign investors to part ways with Danish Krone.
This will lower the value of the Danish Krone significantly.

Falling prices on foreign goods: When the prices of imported foreign goods decrease, they become more attractive to Danish consumers, creating a larger trade deficit. On the other hand, a rise in the prices of foreign goods and services, through natural price inflation or because of increased demand, can make Danish goods and services look more attractive to the local consumers and help to narrow the trade deficit of Denmark.
This gives boast to local Denmark industry and the economy. Hence the value of the Danish Krone rises in foreign currency exchange.

Balance of investment: When the Denmark imports more than it exports, it means investors from other countries have to buy Denmark assets to keep the Krone from falling.
To explain easily, if the Denmark exports less than it imports, there is a pressure on foreign investors to buy Krone denominated assets such as bonds or treasury securities in order to offset the difference.